UPS to buy Germany-based healthcare logistics firm Frigo-Trans
10:37 am Tuesday, September 10th, 2024
(Reuters) -UPS said on Tuesday it would acquire Germany-based healthcare logistics firm Frigo-Trans for an undisclosed amount to boost its healthcare cold-chain facilities in Europe.
Frigo-Trans network includes temperature-controlled warehousing and freight forwarding capabilities, as well as a pan-European cold chain transportation solution, UPS said.
Under the deal, UPS will also buy Frigo-Trans’ sister company BPL. The transaction is expected to close in the first quarter of 2025, the package delivery firm said.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Shilpi Majumdar)
